News Corp completes takeover of APN’s regional newspapers
News Corp has completed its purchase of APN News & Media’s regional newspapers portfolio.
The deal sees 12 daily newspapers, 60 community titles and 30 websites based in regional Queensland and northern New South Wales shift into the hands of News Corp. The titles include the likes of The Sunshine Coast Daily, The Toowoomba Chronicle, The Daily Mercury in Mackay, The Warwick Daily news, the Morning Bulletin Rockhampton and the Tweed Daily News.
The $37m deal for APN’s Australian Regional Media unit was first announced in June and approved by the Australian Competition and Consumer Commission earlier this month.
The sale sees News Corp and Fairfax Media as the only two major newspaper groups left in most of Australia, with News Corp by far the largest. In WA, Seven West Media owns both The West Australian daily paper, and News Corp recently sold SWM The Sunday Times.
The move sees APN News & Media focused on radio – through the Australian Radio Network including the Kiis Network – and outdoor, via Adshel which it agreed to took 100% ownership of from joint venture partner Clear Channel in October.
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The Washington post is hiring 60 new journalists for major investigative roles after publishing real news proved very profitable.
Will Murdoch follow the same path after his raging success the “News of the World”, The Sky Bolt/LNP puppet show, attacks on the ABC and the right wing nut job opinion in the CM and Orstrayan?. Good Luck with that. Welcome to the death of investigative journalism, democracy controlled by corporation and the silencing of local, regional and remote community voices.
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Do NewsCorp produce good regional rags? Looks like they prioritise real estate pages, advertorials for local business, a page of cop news, letters page, and large local news pics as well as at least one social pics pages. Then news, sport, weather. Hardly rocket science, indeed a 1000 monkeys at a 1000 typewriters…
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Hi there,
News Corp prints only pictures not stories and never editorials…,
Cheers
Lili ?
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It is horrifying that Murdoch has been allowed to take over these publications. It certainly could mean more LNP and One Nation newsletters for these markets. Possibly even more hatred, bigoted views and a divided public from the ‘gutter press’.
Advertisers please take note and #stopfundinghate
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